Floods are the nation’s most common and costly natural disaster and cause millions of dollars in damage every year.
Flood insurance can be the difference between recovering and being financially devastated. Too often, Americans are caught off guard by the emotional and financial costs of flood damage. The damage from just one inch of water can cost more than $20,000.
Flooding is nature's most common natural disaster. The average homeowner is five times more likely to incur flood damage than fire damage. If you live in a high-risk zone, you have a one-in-four chance of experiencing flood damage. Almost 25% of all flood claims come from low- to moderate-risk areas and 90% of all presidential-declared disasters involved flooding. Homeowner's policies may not cover the flood damage, and the out-of-pocket costs can be burdensome.
Flood insurance is designed to provide an alternative to disaster assistance to reduce the escalating costs of repairing damage to buildings and their contents caused by floods. While your homeowner's policy may cover fire, tornado, or even earthquake damage, most EXCLUDE damage caused by flooding. Those that cover SOME flood damage do so by specific endorsement and only for a certain dollar amount.
No home is completely safe from potential flooding devastation—why risk it?
If you would like more information regarding flood coverage or a flood quote you can click here.
Under the standard flood policy through National Flood Insurance Program (NFIP) the maximum coverage combination is $250,000 building and $100,000 contents. If you currently have flood coverage and your home's value exceeds $250,000, an Excess Flood Insurance policy is available to increase the flood coverage amount to the actual replacement cost of the home. If you do not have this valuable coverage in place at this time and are interested in obtaining an Excess Flood quote, please notify our office.
You may also obtain additional information regarding flood insurance by going to the FEMA Floodsmart website .
Moore Resources is an Independent Insurance Agency located in St. Petersburg, FL and offering Homeowners Insurance, Auto Insurance, Personal Insurance and Business Insurance. Our reach extends beyond the Tampa Bay area to the entire state of Florida. Moore Resources has regionally been dedicated to serving the local residents of Pinellas, Hillsborough, Polk, Pasco, Manatee and Sarasota counties; including St. Pete, Tampa, Clearwater, Bradenton, Brandon, Dunedin, Gulfport, Lakeland, Largo, Lutz, Palm Harbor, Pinellas Park, Riverview, Ruskin, Seffner, Seminole, Temple Terrace, Tierra Verde, Town n Country, and the Gulf Coast Beaches.
The purpose of this blog is to present general information only. It does not interpret specific policies or coverage. In order to obtain detailed information regarding your insurance, contact a licensed insurance agent.